This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Soybean or soya bean contains high amounts of proteins and fibers. Soybean plant is native to East Asia. Soybean is used in many traditional recipes in the form of sauces, oil, flour, tofu, etc. Soy protein is derived from the soya bean which contains vitamin E, phosphorus, iron, zinc and vitamin B-complex. It is a plant based protein helps with muscle growth and muscle recovery. Soy protein is available in the market in the form of soy flour, soy isolates and soy concentrates. Soy Protein is majorly consumed by the lactose intolerant and the vegan diet population.

Increasing awareness regarding high protein content in soy isolates is a major factor anticipated to boost the demand and drives the growth of the global soy protein ingredients market. Low cost of soy protein is another factor propel the demand as compared to other conventional protein sources and drive the growth of the global market in developing countries. Increasing adoption of soy protein in a vegetarian diet among individuals as an alternative to the dairy products also expected to propel the growth of the target market. Furthermore, growing awareness regarding nutritional diet and rising demand for nutritional food is another factor expected to drive growth of the global soy protein ingredients market over the forecast period.

However, presence of harmful chemicals in soy protein and its negative effects on hormones are major factors expected to hamper the demand and restrain the growth of the global Soy protein ingredients market.

Development of flavored soy protein ingredients and products can create higher revenue opportunities for target players in the market.

The market in North America accounts for largest market share in terms of revenue and is expected to maintain its dominance over the forecast period, owing to the increasing demand of soy protein in the diet in the region. The market in Europe is expected to account for a second-highest share in the market in terms of revenue in the near future, owing to increasing demand for dietary supplements in the region. The market in Asia Pacific is expected to witness a significant growth, especially in south and east Asian countries, owing to availability and less cost of soy protein products in the region.

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